Built by Traders, for Traders
Ross Givens
Stock Trader & Educator
Built by Traders, for Traders
Ross Givens
Stock Trader & Educator
On any given trading day, it’s the big, well known stocks that grab the headlines. Be it news developments that drive stock prices or even the whole market for better or worse or just product news, big stocks get big attention. But for this year’s stock market performances, bigger isn’t necessarily better for price gain …
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The lows that the S&P 500, Nasdaq 100 and Dow Jones all made on May 20 continue to hold. Since then, we’ve seen a valid follow-through day on May 26 and strong action that week. Last week, the indexes were largely unchanged. As I’m writing this on Friday morning, the S&P and Nasdaq are flat …
The post Watchlist Update: Is the Market Low Already In? appeared….
What to Watch This Week On the other hand, the International Monetary Fund cut its 2021 forecast for US gross domestic product (GDP) this week to 6% from 7% due to supply chain disruptions. While that is still a very high reading, the pace of growth is clearly slowing as the US works its way …
Continue reading “Watchlist week of Oct 18th”
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Third-quarter earnings season has officially kicked off here in the US, and so far traders are taking the results fairly well. The big bank earnings we’ve seen so far have largely beaten estimates on the top and bottom lines, although there are still some issues under the surface, including weakness in loan growth and net …
After a shaky September for the stock market, October is off to a strong start. The S&P 500 index is up a bit more than 2% so far this month and is now only about 3% off of its all-time high set in early September. The Dow Jones is outperforming this month, while the Nasdaq …
Forget the Magnificent 7 – these 3 stocks are poised for HUGE moves in the next leg of the AI boom. Wall Street veteran Ross Givens just revealed the details…
Dow Jones Industrial Average consolidates the values in the New York Stock Exchange (NYSE) and Nasdaq of 30 of the most traded shares. It is an index for investors to decide how the equity markets are overall.
Looking for a Retest of the Recent Lows?
Last Friday’s trading session was a bloodbath… After Federal Reserve Chairman Jerome Powell made aggressive statements regarding a path of more interest rate hikes, the indexes sold off hard all day. The S&P 500 dropped 3.4%, the Nasdaq 100 declined a whopping 4% and the Dow Jones fell just over 3%, or more than 1,000 …
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